Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Item | Description | The company |
---|---|---|
EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | American Airlines Group Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 34,098) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 5,520) |
Valuation Ratio | |
EV/EBITDA | 6.18 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
FedEx Corp. | 7.74 |
Uber Technologies Inc. | 39.50 |
Union Pacific Corp. | 14.56 |
United Parcel Service Inc. | 10.13 |
EV/EBITDA, Sector | |
Transportation | 13.89 |
EV/EBITDA, Industry | |
Industrials | 16.50 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 34,098) | 35,839) | 35,954) | 36,628) | 32,401) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 5,520) | 4,446) | 1,587) | (7,856) | 5,669) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 6.18 | 8.06 | 22.66 | — | 5.72 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
FedEx Corp. | 7.59 | 7.33 | 8.22 | 10.09 | 12.96 | |
Uber Technologies Inc. | 45.37 | — | 227.40 | — | — | |
Union Pacific Corp. | 15.44 | 12.56 | 15.46 | 15.65 | 13.73 | |
United Parcel Service Inc. | 11.23 | 8.83 | 9.55 | 30.22 | 12.80 | |
EV/EBITDA, Sector | ||||||
Transportation | 14.94 | 14.15 | 12.42 | 30.99 | 22.19 | |
EV/EBITDA, Industry | ||||||
Industrials | 15.63 | 17.07 | 16.21 | 26.87 | 17.56 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 34,098 ÷ 5,520 = 6.18
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | American Airlines Group Inc. EV/EBITDA ratio decreased from 2021 to 2022 and from 2022 to 2023. |